News
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SCZone to Launch Digital Platform for Customs, Logistics Services
El-Din stated that the economic zone aims to develop its ports and benefit from the integration between ports and industrial zones in global markets.
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Egypt’s ECSM opens high-speed rail concrete ties factory
The factory will use locally sourced raw materials to produce the high-speed rail ties and thus conserve Egypt’s foreign exchange reserves.
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Siemens Energy and DAI join forces for green ammonia project in Egypt
In a major step towards green energy innovation, Siemens Energy and DAI have joined forces for a green ammonia project set to position Egypt as a regional hub for green fuel production.
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Egypt Imports Rare LNG Cargo Amid Scarcity of Israeli Gas
Egypt receives a scarce LNG shipment at Ain Sukhna Terminal due to a shortage in Israeli supplies. This comes as the country encounters continuous power outages, leading the government to search for other resources.
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SCZONE, China agree on 11 projects with $15.6B investments
China agrees to invest $15.6B in 11 projects with the Suez Canal Economic Zone (SCZONE), as a result of a promotional tour led by the SCZONE Chairman.
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Egypt moves to shore up tourism sector in shadow of Gaza war
Ratings firm S&P Global warned on Monday that a fall in tourism due to the Gaza war could cause significant problems in Egypt, Jordan and Lebanon.
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INTERVIEW: Egypt gateway to African, European, ME markets for trade, investment: Korea’s KOTRA’s director general
There are around 40 Korean companies are actively operating in the Egyptian market.
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Egypt kicks off trial operation of monorail and stations on the third line of the metro
The East Nile Monorail connects Nasr City to the Administrative Capital and exchanges service with the third line of the metro at the Stadium Station.
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Egypt to tender airport operation contracts to private sector: PM
Egypt plans to offer private companies contracts to manage and run airports, Prime Minister Mostafa Madbouly said on Sunday.
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Siemens Mobility redefines Egypt's rail landscape with innovative rail solutions at TransMEA 2023
Siemens will soon complete the manufacturing of Egypt's first high-speed Velaro Train (230km/h) in Germany.
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Egypt raises local wheat procurement price to support Egyptian farmers
Egypt has increased its local wheat procurement price from LE 1500 to LE 1600 per ardeb, fostering supportive conditions for its farmers.
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Schneider Electric expands investments in Egypt with €8 mln in 2023
French energy technology company Schneider Electric announced it will increase its investments in Egypt by €8 million throughout 2023.
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Egypt to enhance export rates in 7 industrial sectors
These sectors include computer manufacturing, electronic and optical products, and metal industries.
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Egypt’s PMI for non-oil activity drops in October to lowest level in 5 months
Egypt’s Purchasing Managers Index (PMI) for the non-oil private sector decreased in October to a five-month record low of 47.9 points.
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Egyptian, Venezuelan FMs discuss economic cooperation
Minister of Foreign Affairs Sameh Shokry received Sunday his Venezuelan counterpart Yvan Gil Pinto to confer over bilateral relations.
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Egypt decreases power cuts duration as natural gas supplies ramp up
The Egyptian government decreased the duration of power cuts in the country from two hours to one hour after natural gas supplies increased slightly.
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Oriental Weavers unveiled its spectacular 2024 collection at exclusive Pre-Look Event
Based in Cairo, the Group has manufacturing facilities in the United States and Egypt and distributes its products in more than 130 countries.
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Global Institutions Commit $5.5 Billion in Loans for Egypt: Fitch Ratings
Egypt is slated to secure a total of $5.5 billion in loans from diverse international partners and institutions.
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Egypt's El Sewedy to launch industrial city in Tanzania aiming to attract $400M in investments
The new project is located in the city of Kibaha, Tanzania, 15 kilometers away from the “Kwala” Dry Port.
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Egypt hikes up gasoline prices
Egypt's Automatic Pricing Committee for Petroleum Products has decided to increase gasoline prices across the board starting Friday.